UNIBAIL-RODAMCO COMPLETES THE ACQUISITION OF WESTFIELD TO FORM UNIBAIL-RODAMCO-WESTFIELD
07 Giugno 2018 - 7:15PM
Paris, Amsterdam, June 7,
2018
Press
release
UNIBAIL-RODAMCO COMPLETES THE
ACQUISITION OF WESTFIELD TO FORM UNIBAIL-RODAMCO-WESTFIELD
Unibail-Rodamco
today announces that it has completed the acquisition of Westfield,
to create Unibail-Rodamco-Westfield, the premier global developer
and operator of flagship shopping destinations.
Unibail-Rodamco-Westfield combines
two of the strongest and most respected names in the real estate
industry to build on their legacies.
With a portfolio valued at €62
Bn[1], of which 88% in retail, 7% in offices and 6% in convention
& exhibition venues, Unibail-Rodamco-Westfield owns and
operates 102 shopping centres in 13 countries, of which 56 are
flagships in the most dynamic cities in Europe and in the United
States. Its centres welcome 1.2 billion visits per year.
The Group provides a unique
platform for retailers and brand events and offers an unparalleled
experience for customers. It will leverage the world-famous
Westfield brand by gradually rebranding Unibail-Rodamco flagship
assets.
Looking forward,
Unibail-Rodamco-Westfield boasts an unrivalled development pipeline
of €13 Bn[2]. Capitalising on its « Better Places 2030 »
agenda, to be implemented in the entire Group,
Unibail-Rodamco-Westfield's development projects are designed to
create "better places" that respect the highest environmental
standards and contribute to better cities.
Christophe Cuvillier, Group Chief
Executive Officer, commented: "Today is an
extraordinary day as we bring together Westfield's and
Unibail-Rodamco's outstanding assets and 3,700 talented
professionals. We look forward to writing together a new chapter in
our history. With an unparalleled track-record and know-how in
retail, offices and convention & exhibition venues, the Group
is ideally positioned to generate superior value and develop
world-class projects."
Unibail-Rodamco-Westfield is
listed on Euronext Amsterdam and Paris (Euronext ticker: URW). A
secondary listing has been established in Australia through Chess
Depositary Interests.
Next step
(1) Proportionate Gross Market Value as at
December 31, 2017.
(2) As at December 31, 2017.
For further information, please contact:
Investor
Relations
Maarten Otte
+33 1 76 77 58 02
Maarten.otte@unibail-rodamco.com
Media Relations
Nathalie Feld
+33 1 76 77 57 94
nathalie.feld.contractor@unibail-rodamco.com
About
Unibail-Rodamco-Westfield
Unibail-Rodamco-Westfield is the
premier global developer and operator of flagship shopping
destinations. With a portfolio valued at €62 Bn as
at 31 December 2017, of which 88% in retail, 7% in
offices and 6% in convention & exhibition venues, the Group
owns and operates 102 shopping centres, of which 56 are flagships
in the most dynamic cities in Europe and the United States. Its
centres welcome 1.2 billion visits per year. Present in 2
continents and in 13 countries, Unibail-Rodamco-Westfield provides
a unique platform for retailers and brand events, and offers an
exceptional and constantly renewed experience for customers.
With the support of its 3,700
professionals and an unparalleled track-record and know-how,
Unibail-Rodamco-Westfield is ideally positioned to generate
superior value and develop world-class projects. The Group has the
largest development pipeline in the industry, worth €13 Bn.
Unibail-Rodamco-Westfield
distinguishes itself by its Better Places 2030 agenda, that sets
its ambition to create better places that respect the highest
environmental standards and contribute to better cities.
Unibail-Rodamco-Westfield is
listed on Euronext Amsterdam and Euronext Paris (Euronext ticker:
URW). A secondary listing has been established in Australia through
Chess Depositary Interests. The Group benefits from an A rating
from both Standard & Poor's and Fitch Ratings, and from an A2
rating from Moody's.
For more information, please visit
www.urw.com
Unibail-Rodamco-Westfield
EN
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information contained therein.
Source: UNIBAIL-RODAMCO SE via Globenewswire